‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Savage, pictured, was speaking after publication of Lloyd’s 2012 financial results, which revealed the market made a £2.77bn pre-tax profit compared with a £516m loss the previous year, including year
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